June 18th, 2019 11:30 AM by Steven Hofberg
Since the beginning of 2019, the yield on the 10-year US Treasury
bond has dropped steadily. As our readers know, that bond is the one that most
directly affects mortgage rates (which have fallen in lockstep). For a more
detailed analysis, please read our recent blog article Bond Market Weakness Pushes Mortgage Rates Lower.
Over the past few weeks, the pace of decline has accelerated.
Mortgage rates are now well below 4%, and approaching 3%, for 15-year term
loans. If your rate is around 4.5% or above, it may make sense for you to
refinance your existing mortgage. As always, your decision should be based on
the numbers that apply to your particular financial circumstances. That is
where RMC can help: we tailor our recommendations to your financial
needs. Take a few minutes to discuss your situation with
Margie and let her use her
years of experience to help you.